World Bank assures continuous support to SL’s Development Reform Program

The World Bank assured continuous support to Sri Lanka's development reforms program, President’s Media Division (PMD) said.

They said that the World Bank will provide technical assistance in the drafting of laws for development policy operations, as well as work to provide additional guidance and support regarding the use of international media and welfare benefits.

The delegation including the Vice President of the South Asian Region of World Bank, Martin Raiser, met President Ranil Wickremesinghe at the Presidential Secretariat today (28).

The World Bank Development Policy Operational Program was fully investigated and the President and World Bank representatives commented on its progress. Improving financial supervision and credit management, improving tax administration, sovereign-financial sector linkages and reducing systemic risks; maintaining stability and confidence in the banking sector, restructuring and divestment, reducing policyuncertainty and increasing competitiveness in the economy, mobilizing private capital and competition in the broadband market, strengthening the social security institution, delivery system and targeting was discussed.